Apax purchases majority share in Sophos
Apax Funds will buy a majority stake of the information security and data protection provider, Sophos plc. The founders of the IT security company will keep a minority share and are positioned to make £197m from the deal.
Technology company Sophos offers information security, providing protection to client computers and servers. The company is thought to be valued at $830m.
Apax Partners is a leading adviser in the technology and telecoms sector, one of the five areas in which the holding company is a specialist. Its most recent acquisitions have included Promethean World, SMART Technologies Inc, and Weather Investments.
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